Banking
Dec. 24, 2019
Bankruptcy stay violation ruling serves as warning to creditors
In 2017, a Bankruptcy Judge Christopher M. Klein from the Eastern District of California entered a judgment in favor of bankruptcy debtors and against Bank of America, N.A. for actual damages arising out of repeated Section 362 stay violations in the amount of $1,074,581.50 and punitive damages in the amount of $45,000,000.
Stuart B. Rodgers
Lane & Nach, P.C.Phone: (602) 258-6000
Email: stuart.rodgers@lane-nach.com
Stuart practices in the areas of bankruptcy law, civil litigation, tax lien foreclosure and creditors' rights. This article should not be considered or construed as legal advice on any fact or circumstance. You should consult your own attorney regarding your own personal situation or any legal question you may have.
In 2017, a Bankruptcy Judge Christopher M. Klein from the Eastern District of California entered a judgment in favor of bankruptcy debtors Erik and Renee Sundquist and against Bank of America, N.A. for actual damages arising out of repeated Section 362 stay violations in the amount of $1,074,581.50 and punitive damages in the amount of $45,000,000. To say that Bank of America, N.A. took ill-advised acti...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
